Sibanda-Thusi says South Africa invests in international
trade and investment missions to attract investment.
Ambassador Sibanda-Thusi was speaking to South African
businesspeople, who were attending the last day of the
Investment and Trade Initiative (ITI) in Novosibirsk,
Russia, on Thursday, 26 October.
"As representatives of the Government of South Africa,
we are entrusted with the task of enhancing political
and economic relations between the countries we are
"Our task is to promote cordial mutual bilateral
relations that will enable us to position South Africa
as a country of choice for bilateral trade and
investment," said the country's Ambassador to Russia.
Organised and funded by the Department of Trade and
Industry, the ITI was aimed at increasing exports of
agro-processing and clothing and textile products, among
others, to the Russian market.
Twenty South African companies participated in the
Ambassador Sibanda-Thusi said government invested in
trade and investment missions because companies that
participated in these missions were able to contribute
to growing the economy of South Africa and creating jobs
that the country needed.
"We identify markets where opportunities exist for the
South African value-added products in particular, to be
exported to. Once the companies find new export markets
for their products, they increase their production which
assists in saving jobs and creating new job
"That is the reason why we as government invest in these
missions because their positive impact on our economy is
far-reaching," she said. ¡V Source: